We may derive the following from the Weekly CML chart:
1. Price has respected our support zone (purple box) (see linked idea).
2. Price should in all probability continue to move higher, but a retest of the support is possible.
3. Monitor price action and wait for a good long opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has respected our support zone (purple box) (see linked idea).
2. Price should in all probability continue to move higher, but a retest of the support is possible.
3. Monitor price action and wait for a good long opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
